Economy Brent Jumps Nearly 6% on Possible Escalation of Israel-Gaza Rift October 14, 2023 Adedapo Adesanya By Adedapo Adesanya Brent crude jumped nearly 6 per cent or $4.89 to $90.89 per barrel, posting its highest weekly gain since February on Read More
Economy Market Oil Trades Mixed Amid Surge in US Crude Inventories October 13, 2023 Adedapo Adesanya By Adedapo Adesanya The oil market traded mixed on Thursday as a large build in crude stockpiles in the United States outweighed expectations that Read More
Economy Oil Prices Fall as Israel-Hamas Conflict Fails to Disrupt Supply October 11, 2023 Adedapo Adesanya By Adedapo Adesanya Oil prices settled lower on Tuesday as no direct oil supplies are impacted by the conflict between Israel and the Palestinian Read More
Economy Oil Plunges 5% on Worrying US Fuel Demand October 5, 2023 Adedapo Adesanya By Adedapo Adesanya It was not a pleasant day for the oil market on Wednesday as it went down by more than 5 per Read More
Economy Oil Market Dips on Profit Taking, High Rates Worries September 29, 2023 Adedapo Adesanya By Adedapo Adesanya The oil market retreated on Thursday, as traders took profits after prices soared recently while the space worried that high interest Read More
Economy Oil Prices Down by 1% as US Fed Pauses Interest Rate Hike September 21, 2023 Adedapo Adesanya By Adedapo Adesanya Oil prices fell by 1 per cent on Wednesday after the US Federal Reserve left interest rates unchanged, as widely expected. Read More
Economy Crude Oil Nears $95 Per Barrel as Supply Market Tightens September 19, 2023 Adedapo Adesanya By Adedapo Adesanya Crude oil moved closer to $95 per barrel on Monday as expectations of a supply deficit stemming from extended output cuts Read More
Economy Oil Rises to 10-Month High on Supply Cuts, Demand Optimism September 16, 2023 Adedapo Adesanya By Adedapo Adesanya Oil hit a 10-month high on Friday and posted a third weekly gain as supply tightness spearheaded by Saudi Arabian production Read More
Economy Brent Returns to $90 Region on Renewed Tight Oil Supplies Worries September 9, 2023 Adedapo Adesanya By Adedapo Adesanya Brent crude returned to the $90 region on Friday after it grew by 73 cents or 0.8 per cent to $90.65 Read More
Economy Brent Drops Below $90 on Expected Weak Demand September 8, 2023 Adedapo Adesanya By Adedapo Adesanya The Brent crude futures fell below $90 a barrel on Thursday in volatile trade on multiple signals warning of weaker demand Read More